The bank first expanded into the Richmond market in August 2020 with a two-person team. It now has seven on the ground here and just leased a bigger office in Henrico.
Hampton’s Old Point National Bank sizes up in Henrico
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
Live Well trustee looks to Hild criminal ruling to move bankruptcy case along
The day after Hild’s conviction was upheld by a judge in Manhattan, the bankruptcy trustee of his collapsed mortgage company looked to capitalize on the long-awaited decision.
Fast-growing M&A firm buys new HQ near Innsbrook
“It’s a good first office purchase,” said Aaron Kroll, co-founder of Sterling Point Advisors, which is keeping its momentum going with the office purchase.
Burke & Herbert Bank inks deal for first Richmond-area branch
The Northern Virginia-based bank is taking over a former SunTrust branch at the intersection of Robious and Huguenot roads in Chesterfield.
Local bank advisory firm raises $12M to expand software push
“There’s always risk in expansion but because the banking markets are planning for a recession, they invest more in risk management tools in a down market. So, we’re counter-cyclical in that the worse the economy gets, the more they need us,” said Michael Glotz.
Hild denied new trial, conviction upheld
The ruling comes 18 months after the former Live Well Financial CEO was found guilty of a fraud that toppled the company. He’s now set for sentencing next month.
Buffett’s Berkshire Hathaway buys Innsbrook buildings for energy HQ
The $20 million purchase of 192,000 square feet across two buildings means Berkshire Hathaway Energy will continue to be headquartered in the Richmond area. Its local operations were spun out of Dominion Energy in 2020 after an $8 billion deal.
CarLotz, Shift shareholders to vote on merger this week
The companies also responded in SEC filings to the rising number of shareholder lawsuits scrutinizing the deal, saying the complaints are meritless and are not expected to slow the merger.
Changing of the guard set for downtown investment banking firm
Matrix Capital Markets Group will have a new president at year’s end and also recently hired its first ever COO.
Norfolk law firm to open downtown Richmond office
Pierce McCoy has taken a liking to ground floor spaces in downtown office buildings to give it street-level visibility.